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Singapore’s PMI improves in October as regionwide factory activity stays weak

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Tessa Oh

Tessa Oh

Published Thu, Nov 2, 2023 · 09:00 PM
    • Singapore's linchpin electronics sector contracted for the 15th consecutive month in October, despite recording a 0.1 point gain to 49.9.
    • Singapore's linchpin electronics sector contracted for the 15th consecutive month in October, despite recording a 0.1 point gain to 49.9. PHOTO: BT FILE

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    SINGAPORE’S overall manufacturing sentiment improved further in October, even as regionwide factory activity remained weak.

    The purchasing managers’ index (PMI) edged up to 50.2 in October, a 0.1 point gain from the previous month, data from the Singapore Institute of Purchasing and Materials Management (SIPMM) indicated on Thursday (Nov 2).

    A reading above 50 on the index indicates growth from the previous month, while one below 50 points to a contraction.

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    Purchasing Managers IndexSingapore manufacturingSingapore economy

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